Makerere and University of London-educated Political scientist and Historian Nyachieo Bogonko believes Kenyan economy will hit its ‘low’ like EU’s Greece if President Uhuru Kenyatta is reelected in 2017 elections.
The European nation has been undergoing a deep financial crisis that saw banks and businesses close down leading to an intervention from by the European Union.
Bogonko warned Kenyan’s during Wednesday’s interview against electing Jubilee regime saying it had lost focus on economic developments.
“I foresee a scenario similar to what I saw in Greece recently. Our financial sector is going to collapse and that can be seen through putting a number of banks under receivership which is an indication that we are going in a wrong direction,” Bogonko said.
“If Jubilee is reelected in 2017, then we should all prepare for tough financial times which will see high levels of poverty and collapse of the banking sector which will be the first step towards a failed Kenya. We have seen little development since 2013,” he said.
He questioned the government’s efforts in the fight against graft and also interrogated the borrowing methodologies of the government which he termed as ‘unjustified’.
“Our economy has hit its low and people will be losing jobs which could cause a state of anarchy. The government is hell bent in the fight against graft and its borrowing rate is unjustified because its output doesn’t correspond with the actual borrowing rate,” he said.
“To rectify the serious crisis we are facing, Kenyans should put aside their political differences and elect a government full of ideas other than the current one which is throwing our country into a reckless situation like that of Greece,” Bogonko said.